Whether you’re looking to renew or refinance, let’s make your mortgage work for you.
Renew Your Tandia Mortgage
Renewing your mortgage doesn’t have to be a hassle, when renewal time rolls around, we’ve got you covered! Speak with us to find out how smooth the renewal process can be. Review Tandia’s current offerings to see which option makes the most sense for you. There are no one-size-fits-all mortgage solutions; selecting what is right for you is a highly individual process. Remember that our Tandia representatives are here any time you need some extra assistance - and if you’re looking to access your home equity or lower your monthly payment, speaking with a Tandia representative prior to your renewal time can help you understand your options.
A few steps to consider when your renewal is approaching:
- Review your current mortgage, such as terms, interest rate and remaining balance.
- Explore Tandia’s offers to determine which mortgage type (and rate) is the right choice for you.
- Reach out to your Tandia branch or representative to discuss your upcoming renewal, including any plans or questions you may have.
We’ve got your back – let us help you navigate your mortgage renewal with ease!
Refinance Your Tandia Mortgage
When you need access to funds, refinancing your mortgage may be a great option. Refinancing allows you to tap into the equity in your home to borrow money – such as for a renovation, debt consolidation, a large purchase or an RRSP contribution. Typically, through refinancing you can secure a lower interest rate than with a traditional loan. Refinancing may also be a great option when market conditions have changed and you’re looking to secure a lower rate, better terms or gain some flexibility with your mortgage.
As with all mortgage decisions, there is no one-size-fits-all solution, so speak with a Tandia representative to go over your options and find out how we can help you make the right move.
Managing Your Mortgage –
How to Switch, Renew or Refinance
Your home is an important part of your life and your identity. If your current mortgage term is ending, or you’re just looking to make some changes to your current arrangement, it pays to investigate your options. Let us walk you through those OTHER mortgage decisions you may encounter as a homeowner, such as switching, renewing and refinancing, so you can be confident that your mortgage is always working for you!
When it Comes to a Mortgage,
You’ve Got Options!
At Tandia we offer a variety of mortgage types and terms to suit your needs, all with competitive rates. Not every type of mortgage is right for every person. Choosing the best mortgage for you and your family depends on your unique situation, and a bit of sleuthing into the different terms and types goes a long way when determining what that looks like.
Frequently asked questions about renewing and refinancing your mortgage.
When should I renew my mortgage?
Most lenders allow you to renew approximately 120 days before maturity without penalty. Starting early gives you more time to compare rates and negotiate.
What is the difference between mortgage renewal and refinancing?
Renewing keeps your existing mortgage balance while choosing new terms.
Refinancing replaces your mortgage and allows you to change the amount borrowed or access home equity.
Can I refinance to consolidate debt?
Yes. Many homeowners refinance to combine high-interest debts into their mortgage, potentially lowering monthly payments and simplifying finances.
Can I switch lenders when I renew my mortgage?
Yes. At renewal, many homeowners switch lenders to secure a lower rate, better features, or improved service without paying a prepayment penalty.
Can I refinance to renovate my home?
Yes. Refinancing can provide access to home equity for renovations, additions, energy-efficient upgrades, or major repairs.
How long does mortgage refinancing take?
Most refinances are completed within two to four weeks, depending on documentation, appraisal requirements, and legal processing.
Tandia's Mortgage Glossary
Looking to brush up on key mortgage-related terms and phrases? Let us help! Check out our handy Mortgage Glossary so you can navigate the homebuying process with ease.
Let's get started
Our Member Service Advisors are happy to meet with you. We can help you put together a plan to pull your first down payment together. You can apply for a mortgage pre-approval at the same time and start shopping for your first home with confidence.
Mortgage Calculators
A mortgage calculator is a quick and easy tool that helps you estimate what you can afford before buying a home or renewing your mortgage. By entering details such as the home price, down payment, interest rate, amortization period, and payment frequency, you can estimate your monthly mortgage payments. Let us help you do the math.
Home Equity Line of Credit
Using the equity in your home to secure this pre-approved line of credit (minimum $25,000) guarantees you one of the lowest rates available for credit. It offers flexible access to funds for renovations, debt consolidation, education, or other major expenses, with interest charged only on the amount you use.
It's Time for a Mortgage Review
Your mortgage should support your financial goals, not stress you out. One of our experienced advisors will go over your current mortgage details to ensure your financing is still the best fit and the best option for your needs. Contact us for a no-obligation and no cost mortgage review.
We are here for you
Get in touch with us at any time, whether it’s a question about our services or a comment on how we can do things better. Your voice is number one at Tandia.
To report a lost or stolen MEMBER CARD® debit card during regular business hours, call 1-800-598-2891 after hours please call 1-888-277-1043.
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